iShares Future AI & Tech ETF (NYSEARCA:ARTY) Sees Significant Decrease in Short Interest

iShares Future AI & Tech ETF (NYSEARCA:ARTY) was the target of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 227,270 shares, a decrease of 53.2% from the June 30th total of 485,705 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average trading volume of 583,439 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ARTY. Royal Bank of Canada grew its holdings in shares of iShares Future AI & Tech ETF by 16.9% during the first quarter. Royal Bank of Canada now owns 130,466 shares of the company’s stock worth $4,104,000 after buying an additional 18,891 shares in the last quarter. NewEdge Advisors LLC acquired a new position in iShares Future AI & Tech ETF during the first quarter worth about $52,000. Jane Street Group LLC purchased a new stake in iShares Future AI & Tech ETF during the 1st quarter valued at about $1,478,000. Franklin Resources Inc. purchased a new stake in iShares Future AI & Tech ETF during the 2nd quarter valued at about $53,000. Finally, Russell Investments Group Ltd. purchased a new stake in iShares Future AI & Tech ETF during the 2nd quarter valued at about $92,000.

iShares Future AI & Tech ETF Stock Down 3.7%

Shares of ARTY stock traded down $2.45 during trading hours on Tuesday, hitting $63.89. 677,328 shares of the company’s stock were exchanged, compared to its average volume of 708,778. iShares Future AI & Tech ETF has a fifty-two week low of $40.56 and a fifty-two week high of $81.85. The firm has a market cap of $3.35 billion, a P/E ratio of 32.81 and a beta of 1.49. The firm has a 50 day moving average of $72.10 and a two-hundred day moving average of $59.94.

iShares Future AI & Tech ETF Company Profile

The iShares Future AI & Tech ETF (ARTY) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a concentrated index of global companies that provide products and services that are expected to contribute to artificial intelligence technologies. Holdings are selected and weighted based on a modified market-cap. ARTY was launched on Jun 26, 2018 and is issued by BlackRock.